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Commercial Flood Insurance is federally backed by the NFIP, and is designed to make sure every business have available coverage.

 Commercial Flood Insurance is federally backed by the NFIP, and is designed to make sure every business have available coverage.

 
No matter where your business is located, we at JM’s Best Insurance Knows it pays to be prepared for the unexpected. In Florida, that means taking precautions against the unpredictable nature of tropical weather. Flooding, whether due to a major storm or excess rain in an area with poor drainage, can be devastating to a business. Commercial flood insurance can protect your business against the financial toll of a flood.

Buildings and Structures
First and foremost, commercial flood insurance can be used to protect against damage done to your office buildings and related company structures.
These can become weakened or even destroyed in a flood, leading to astronomical repair and replacement costs.
Limits
Under the National Flood Insurance Program (NFIP), the Maximum amount of coverage that can be purchase of any non-residential property is $500,000 on building and 500,000 on its contents. Normally, the total amount will be calculated using 100% of the replacement cost of the building to be insured.
Materials and Property
In many floods, damage to the building itself is the least of the owner’s worries, particularly in a leased office space situation. What you may be more concerned with are the materials and equipment inside those buildings, which may also fall victim to the rainwater. Commercial flood insurance can protect your materials and property up to the limits of your coverage.
Cleanup and Protection
The costs associated with flooding start before the rains start to fall. A responsible business owner will take the proper precautions against flooding, the costs of which commercial flood insurance can cover. A good policy can also be used to pay for the costs of cleanup following a flood.

The Most Common Types of Coverage for Florida Commercial Insurance



For more information regarding Commercial Flood Insurance or to get a free quote please contact us at JM’s Best Insurance.